New Jersey A5486 establishes an annual sales tax holiday during the third weekend in August for certain retail sales.
New Jersey A5486, the "Sales Tax Holiday Weekend Act," creates an annual sales tax exemption for the third weekend in August. This exemption applies to retail sales of tangible personal property priced at $3,000 or less per item, purchased by individuals for personal, nonbusiness use. Excluded from this exemption are sales of prepared foods, alcoholic beverages, tobacco products, vapor products, cannabis items, and intoxicating hemp beverages. The act takes effect immediately and applies to sales made at least 30 days after enactment.
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